BP report: U.S. shale keeps on roiling global oil market

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BP Chief Executive Officer Bob Dudley said the biggest phenomenon last year for the oil industry was the impact of the growing shale revolution in the United States, where oil production growth was the largest in the country's history. That increase helped keep global oil prices from rising sharply, he said.

BP Chief Executive Officer Bob Dudley said the biggest phenomenon last year for the oil industry was the impact of the growing shale revolution in the United States, where oil production growth was the largest in the country's history. That increase helped keep global oil prices from rising sharply, he said.